Northern Trust Hedge Fund Services has launched a new online tool to streamline the preparation and submission of Form PF filings.
The regulatory module will help clients to meet Form PF and other emerging regulatory requirements with tools including technology, consultative support and data aggregation and reporting services.
The module, which is integrated with Northern Trust's Passport suite, includes a workflow tool for compiling, reviewing and finalizing Form PF.
"Form PF requires data from multiple sources, with many questions open to interpretation, making the filing process both complex and labor intensive," says Peter Sanchez, CEO of Northern Trust Hedge Fund Services. "This tool leverages the power of our technology to help clients address that complexity efficiently, without sacrificing the ability to customize data around their needs."
The regulatory module has an online version of Form PF that fits individual clients' filing structures. It may be used by clients as well as Northern Trust Hedge Fund Services staff to draft, review and finalize the Form PF reports.
"This new capability illustrates how technology can help clients address complex reporting challenges presented by a range of new regulatory regimes, starting with Form PF," says Jeff Boyd, COO of Northern Trust Hedge Fund Services. "Regulatory requirements are putting new pressures on alternative fund managers. By approaching regulatory compliance holistically, we can alleviate much of the burden so clients can focus on investment strategy, fund performance and their clients."